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2023/24 Undergraduate Module Catalogue

LUBS2590 Labour Economics

10 creditsClass Size: 177

Module manager: Juliane Scheffel

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2023/24

Pre-requisite qualifications

LUBS1940 Economics for Management
LUBS1951 Economic Theory and Applications
LUBS1952 Economic Theory and Applications for Finance

This module is approved as a discovery module

Module summary

This module gives you an understanding of the nature of labour markets and labour market institutions and will enable you to apply these theories so as to account for various market labour market phenomena.


- To provide an introduction to theories of economic behaviour in the labour market
- To summarise and explain the empirical evidence on these theories
- To provide a description of the UK labour market and an analysis of recent policy in the light of this theory and evidence
- Apply core economic theory and economic reasoning to applied topics
- Discuss and analyse government policy
- Work with abstract concepts and in a context of generality
- Justify conclusions using economic arguments with appropriate rigour
- Communicate effectively and clearly in written formats

Learning outcomes
Upon completion of this module students will be able to:
1. Demonstrate an understanding of the economic principles behind the operation of the labour market;
2. Analyse and evaluate relevant empirical evidence on the operation of the labour market;
3. Demonstrate a critical understanding of recent developments in the UK and global labour markets;
4. Critically evaluate the effectiveness of actual and proposed government policy towards the labour market.

Skills outcomes
Upon completion of this module students will be able to:
- Apply the skills of critical thinking, analysis and synthesis


The module will cover the following topics:
1. Recent developments in the UK and OECD labour markets
2. The supply of labour
3. The demand for labour
4. Labour market equilibrium
5. Education and training
6. Wage inequality
7. Job search and unemployment

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours84.00
Total Contact hours16.00
Total hours (100hr per 10 credits)100.00

Private study

This could include a variety of activities, such as reading, watching videos, question practice and exam preparation.

Opportunities for Formative Feedback

Your teaching methods could include a variety of delivery models, such as face-to-face teaching, live webinars, discussion boards and other interactive activities. There will be opportunities for formative feedback throughout the module.

Methods of assessment

Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)2 hr 00 mins100.00
Total percentage (Assessment Exams)100.00

The resit for this module will be 100% by 2 hour examination.

Reading list

The reading list is available from the Library website

Last updated: 28/04/2023 14:49:14


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